Unfortunately they only raised enough to pay their own wages for a little while.
Meanwhile the Canadian asset aren't likely to produce a cashflow for WBE anytime soon.
And Xanadu, while exciting, still needs to be funded (if NWE ever get there act together).
In fact, WBE, I suspect, has already entered a similar death spiral whereby management have lost all credibility with shareholders and they diluting themselves to death just to cover admin.
Unfortunately they only raised enough to pay their own wages for...
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Mkt cap ! $2.523M | |||
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